Have You Considered Different Types of Insurance for Your Rental Property?

Dustin Edwards • September 30, 2022

Insurance Is Important To Your Rental Property

When investing in a rental property, landlord insurance is necessary. Mistakes happen and it's important to be covered in order to protect yourself from occurrences like electrical fires or damage caused by bad tenants to the property. 


Though there are many options for types of insurance so you feel more protected. Below are a few types of insurances you can get for your Long Beach rental property, and what they cover.


Landlord’s Insurance

Landlord’s insurance is usually a requirement of your mortgage agreement. Though not legally required, even if you do not have a mortgage, landlord's insurance is still a great investment. Landlord’s insurance will oftentimes bundle a few coverages in their policy, these should include property damage, lost income, and liability.


Damage to the property can be caused by a number of reasons. In the event that the property or its furnishings suffer from damage caused by fires, short circuits, gas leaks, vandalism or careless tenants.


Even with excellent maintenance there are times you can’t fill your rental due to unforeseen reasons. Lost rental income insurance protects you in case something would cause your property to become uninhabitable. For example pest infestations like rats, termites and roaches require time to get under control. Lost rental income insurance provides temporary rental reimbursement for rent money may not be able to collect.


Liability protection is simply to cover legal or medical costs that might come up if a tenant or one of their guests suffers an injury because of an issue with the maintenance of the property.


Umbrella Insurance 

Umbrella insurance is designed to protect you and your family when you’ve surpassed the liability limits from other insurance policies including vehicle or property. You may be wondering how umbrella insurance works, it gives you the ability to select a liability limit that best protects you and your assets. Umbrella insurance coverage can include legal defense, like legal fees needed to defend from claims that may never produce a settlement or judgment.


Earthquake Insurance

Although the majority of earthquake epicenters in Long beach barely move the needle. Usually small earthquakes between magnitude 1.0 and 2.0. There is a higher risk of earthquakes in California compared to the rest of the country. Worst of all, unlike other natural disasters, earthquakes can’t be predicted ahead of time. We don’t know where or when an earthquake can happen, but we do know they can cause thousands of dollars in damages.The best way to protect your assets from an earthquake is with earthquake insurance.


Earthquake damage is not covered by homeowners or landlord insurance however, your insurance company should offer to sell you earthquake insurance when applying for your policy. Earthquake insurance does have limits on what it covers. It does not cover everything damaged by the event. The intention of earthquake insurance is to put a roof over your head.


Flood Insurance

Based on southern California’s recent history of droughts, flood insurance may feel unnecessary. Though Long Beach is next to the beach meaning the risk of floods is never 0%. Standard homeowner insurance doesn’t cover flooding, but Long Beach participates in the National Flood Insurance Program allowing property owners to get federally-backed flood insurance. Adding this coverage is most reasonable if your property is in a flood-prone zone.

Many landlords recommend or even require their tenants get rentar’s insurance. 


Insuring your Long Beach rental property can be overwhelming. Don’t worry we’re here to help if you need assistance finding the right insurance coverage for your property feel free to call us at (562) 888-0247 or feel free to fill out our
free rental analysis to see what your rental could yield today.


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By Dustin Edwards May 8, 2025
Your property’s roof is its first line of defense from the sun, rain, and wind. Which means it will eventually wear out. Many landlords overlook this since a roof is generally designed to last twenty or so years, and they simply forget until the signs begin to show. Below, we’ve compiled a short list of five signs it’s time to replace your roof for when doing property inspections. Tenant Complaints When your roof has become damaged, your tenants will likely be the first to notice. When tenants report water stains on the walls and ceilings, it's a sign that you should inspect your roof. In severe cases, your tenant may notice water dripping from roof leaks. This moisture, if left unchecked, can lead to the growth of mold and mildew, which can be a health concern for your tenants. Some tenants simply move out, assuming the odors or recurring respiratory issues are caused by the rental and not just the roof. This leaves you with a vacancy to manage, and if you’re unable to find the leak during this period, the following tenant may have a negative experience as well. Many landlords have found it beneficial to have property inspections regularly in order to preserve both the property’s value and the tenant’s trust. Roof’s Age Even with the highest quality materials, a roof still has a shelf life. Most roofs in Long Beach, CA, use asphalt shingles, and these generally last around twenty to twenty-five years. Once they've passed this threshold, the faults begin to show themselves. A sagging roof line is a sign that your roof is due to be replaced, as it's a serious concern. It often indicates that moisture has entered the underlying decking and caused some structural damage. From ground level, you may not be able to notice these problems. However, during an inspection of the property, an experienced inspector should be able to notice soft spots or contours on the roof. These forms of damage often get worse over time. Coordinating these inspections and preventative maintenance can be difficult for landlords with an extensive portfolio, which is why many enlist help. Shingle Damage Damaged shingles are one of the most obvious signs that your roof is deteriorating. If you ever notice cracking, curling, or patches with missing shingles, the roof is no longer providing adequate protection to your property. Although you can buy time with spot repairs, if the entire roof shows signs of damage, it’s likely time to replace the roof. Aside from protecting your property, the roof affects your property’s curb appeal. A patchy and worn-out roof can drive down the rental appeal. Prospective tenants will easily be able to spot the differences between pictures taken in the listing when compared to the property in person. This can not only hurt your chances of filling a vacancy, but it can also hurt your reputation as a landlord. Granules in Gutters After heavy rainfall, it's a good idea to inspect your rain gutters. If you or your property manager notice large amounts of black or gray granules, it means your roof shingles are breaking down. These granules are critical for shedding water off the roof. Once the granules fall off the shingle, the shingle begins to degrade faster under the sun and elements. If you’re not sure how old your roof may be, Loss of granules can be a strong indicator that your roof is nearing the end of its lifespan. Regular gutter cleaning and roof inspections can help catch these problems early before they become expensive repairs . Increase in Utility Bills Your tenants complaining about their utility bills increasing or poor temperature control in the rental may not realize the roof is to blame. A failing roof can result in subpar insulation and ventilation. This can lead to higher heating and cooling bills for your tenant. This can be frustrating for your tenants while putting more strain on the HVAC system. This puts more wear and tear on your HVAC system. Being aware of the warning signs and being proactive can protect your rental property, maintain tenant satisfaction , and avoid emergency repairs. If you need help inspecting your roof or you need help managing your Beach City rental property, we invite you to call us today at (562) 888-0247 or complete our Owner Application online .
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